... Pat Larkin, the MTC's director, said Monday's award will be delivered over the next five years. "The extraordinary size of this particular grant is due to the significance of the state's emerging opportunity in nanotechnology," he said.

UMass will use the funds to develop a Center of Excellence in Nanomanufacturing at its Lowell campus. The center will primarily focus on the commercialization of nanotechnology inventions while also providing a fertile training ground for prospective engineers and researchers, Larkin said. More here